Since 2020, the Nigerian banking industry has been hit with colossal fraud owing to the emigration of Information Technology (IT) professionals to developed countries like Canada, United Kingdom (UK) and United States of America (USA). The recent data from the National Bureau of Statistics revealed that the workforce of commercial banks in Nigeria have declined from 103,610 to 95,026.
Most banks’ IT employees resigned from their jobs to seek greener pastures in developed countries, which guarantee a fantastic pay and flexible working conditions. As a result of this, customers have been complaining bitterly of rising fraud cases.
